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Property for sale at 5125 GULF OF MEXICO DRIVE UNIT 7, LONGBOAT KEY, FL, 34228

5125 Gulf Of Mexico Drive Unit 7Longboat Key, FL, 34228

2beds
2baths
961sqft
Condominium
Built in 1983
$917,000
Sold
Price per sqft
$954
Sold on
May 21, 2026
MLS #N6141238Updated May 22, 2026

About this property

Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investor’s dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens. Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout. Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenery a perfect spot to relax and soak in the tranquil surroundings. Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the property’s appeal. Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.

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Property details

Property type
Condominium
Street address
5125 Gulf Of Mexico Drive Unit 7
City
Longboat Key
State
FL
ZIP code
34228
Year built
1983
New construction
No
Faces
South
Rooms
8
Building stories
2
Living area
961 sqft
Total building area
1,024 sqft
Architectural style
Other
Levels
One

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at November 7, 2026 at 4:00 PM EST

Price & sale history

EventPrice
SoldMLS #N6141238$917,000
Price reducedMLS #N6141238$975,000Change: −90%−$8,775,000
Listed for saleMLS #N6141238$9,750,000
SoldMLS #A4560817$850,000
History may be incomplete.
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Location

Property for sale at 5125 GULF OF MEXICO DRIVE UNIT 7, LONGBOAT KEY, FL, 34228
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